It seems that the campus placement season of IIT Bombay will remain unaffected due to the global economic recession. IIT Bombay, which has become the first choice of JEE Advanced toppers for engineering, is expected to get a salary package of more than crores this time too. However, the number of companies that came to IIT institutes for placement last year will not come this time. However, a student who is hopeful of good placement says that the number of companies has reduced considerably. A final year student said that this time companies like Da Vinci Derivatives, Hudson River Trading, Glynn Technologies, Barclays are going to offer jobs with crore plus packages.
According to the report of Times of India, it is being said that Da Vinci Derivatives will offer a package of Rs 1.3 crore for a job in India. Whereas Hudson River Trading will give an international job offer of 2 lakh Singapore dollars (Rs 1.24 crore). Glynn Technologies will also offer 125000 US dollars (1.04 lakh) for job abroad. Hudson Trading Company, a quantitative trading company, is coming to IIT Bombay and other IIT institutes for the first time for campus placements. This company will offer jobs to IITians for Singapore.
The details of the salary package are based on the details in the job application forms, whether the companies select students from campus or not. Students will be selected on the basis of placement interviews which are starting from 1st December.
Jane Street Capital, which offered the highest package (Rs 3.7 crore) to IIT Bombay last year, will also come to IIT Bombay this time. A student said, ‘Gen stream usually recruits students through internship.’
Placement fair in IIT from tomorrow, BTech candidates have their eyes on the package above crores, interview from 12 noon
For Hong Kong, giant company Barclays is offering jobs worth 11 lakh Hong Kong dollars (1.17 crore). Graviton Research Capital, Kwadeyi, NK Securities will give good offers for jobs in the country itself. These will have profiles of traders, quantitative researchers and developers. Microsoft and Apple will also come to the campus. Till now they have invited applications for jobs only in India.
The companies going to Powai campus will also come here this time. Apart from this, many new companies are also knocking. There are some who are coming only for IIT Bombay.
Last year, 384 companies came to IIT Bombay for campus placement. 1516 students were placed. The best package for a job in India was Rs 1.7 crores and the best package for a job abroad was Rs 3.7 crores. Offers of Rs 16 crore plus were given. The average salary was Rs 21.8 lakh. 65 international offers were accepted.